Dodd-Frank Blog
Shareholder Proponent Gets Aggressive with Exempt Solicitations
Public Companies and Securities We have noted an aggressive use of exempt solicitations by a shareholder proponent following the annual meeting when the solicitation is complete or making preemptive strikes before the proxy is published. You can find an example here. We are not publishing more of the filing so that we do not aide the proponent in his efforts. […] Read more →
SEC Concept Release Explores Bold Changes to Employee Offerings Framework
Executive Compensation, Public Companies and Securities At an open meeting on July 18th, the SEC agreed to issue a concept release exploring modifications and modernization of Rule 701 and Form S-8 for certain offerings for employees,... Read more →
SEC Raises Threshold for Additional Disclosures Under Rule 701
Executive Compensation, Public Companies and Securities Rule 701 under the Securities Act of 1933 provides an exemption from registration for securities issued by non-reporting companies pursuant to compensatory arrangements. The... Read more →
House Passes JOBS and Investor Confidence Act of 2018
Broker-Dealer, Investment Advisers, M&A, Public Companies and Securities The United States House of Representatives passed the bipartisan JOBS and Investor Confidence Act of 2018, which is often referred to as JOBS Act 3.0. The bill is comprised of 32... Read more →
SEC Charges Hedge Fund with 13D Violation
Investment Advisers, Litigation, Private Equity, Public Companies and Securities The SEC charged a hedge fund sponsor that manages private funds and separately managed accounts focused on global distressed, special situations, and opportunistic investing with... Read more →
Jobs Act 3.0
Public Companies and Securities, Uncategorized This statement from Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, confirms the House continues to work on JOBS Act 3.0. The... Read more →
SEC Targets Perqs in Another Enforcement Action
Employment, Executive Compensation, Litigation, Public Companies and Securities The SEC has targeted disclosure of executive perquisites in another settled enforcement action. According to the SEC, the issuer did not follow the Commission’s standard... Read more →
SEC Tags Private Equity Group for Accelerated Fees
Litigation, Private Equity The SEC entered into an agreed settlement with a private equity group for receiving accelerated fees without the consent of all necessary parties prior to the commitment of... Read more →
Recent SEC Comments on Revenue Recognition
Public Companies and Securities For those of you who still have time or can tweak your second quarter 10-Q, we have noticed these recent comments on revenue recognition: Netflix, Inc. Please provide us with your... Read more →
by Steve Quinlivan | July 25, 2018